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The differences between directors of global sourcing and contracts administration managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a director of global sourcing and a contracts administration manager. Additionally, a director of global sourcing has an average salary of $142,539, which is higher than the $72,869 average annual salary of a contracts administration manager.
The top three skills for a director of global sourcing include supply chain, strategic sourcing and global sourcing. The most important skills for a contracts administration manager are contract administration, proposal preparation, and contract management.
| Director Of Global Sourcing | Contracts Administration Manager | |
| Yearly salary | $142,539 | $72,869 |
| Hourly rate | $68.53 | $35.03 |
| Growth rate | -6% | -6% |
| Number of jobs | 24,222 | 10,694 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 62% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A director of global sourcing spearheads and oversees an organization's supply chain operations at a worldwide scale. Although their duties may vary upon their industry of employment, it usually includes conducting foreign market research and analyses to find business and client opportunities, setting goals and sales objectives, establishing project roadmaps and guidelines, and negotiating with potential business partners, building positive relationships in the process. Moreover, as a director of global sourcing, it is essential to manage and empower teams to reach goals while implementing the company's standards and policies.
Contracts administration managers are responsible for negotiating and administering government and commercial contracts, preparing proposals, and ensuring that they comply with all company policies and legal requirements. These managers report the progress of their projects to top management during meetings. They manage the performance of their staff daily. Their job involves participating in developing, formulating, and revising policies, procedures, and templates. They also support their finance and program teams in communicating with their clients to ensure that invoices are made timely and accurately.
Directors of global sourcing and contracts administration managers have different pay scales, as shown below.
| Director Of Global Sourcing | Contracts Administration Manager | |
| Average salary | $142,539 | $72,869 |
| Salary range | Between $102,000 And $198,000 | Between $46,000 And $114,000 |
| Highest paying City | Oakland, CA | Arlington, VA |
| Highest paying state | Washington | Virginia |
| Best paying company | Nike | Deloitte |
| Best paying industry | Finance | Utilities |
There are a few differences between a director of global sourcing and a contracts administration manager in terms of educational background:
| Director Of Global Sourcing | Contracts Administration Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of global sourcing' and contracts administration managers' demographics:
| Director Of Global Sourcing | Contracts Administration Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 80.0% Female, 20.0% | Male, 42.9% Female, 57.1% |
| Race ratio | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.4% American Indian and Alaska Native, 0.3% | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |